Rs 40 crore order book: High ROE IT stock hit the upper circuit after receiving an order worth Rs 1,17,50,088 from Web Werks (India) Pvt Ltd
The stock is up by 90 per cent from its 52-week low of Rs 138.10 per share.
On Friday, shares of Techknowgreen Solutions Ltd hit a 5 per cent upper circuit to Rs 262.75 per share from its previous closing of Rs 250.25 per share. The stock’s 52-week high is Rs 360 per share and its 52-week low is Rs 138.10 per share.
Techknowgreen Solutions Limited has secured significant work orders valued at Rs 1,17,50,088 from Web Werks (India) Pvt Ltd. These orders are domestically sourced and encompass consultancy services for obtaining Fire NOC and MIDC Building Plan approval. The specific services include application submission, documentation, and liaising with concerned authorities. The company will receive 100% payment upon obtaining the respective approvals and submitting invoices within 7 days.
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Techknowgreen Solutions Ltd (TGSL), a leading environmental IT solutions provider, was established in 2001. With a strong focus on sustainability and regulatory compliance, TGSL offers a comprehensive range of services, including Environmental Impact Assessment, ESG and Climate Change consulting, Environmental Compliance management, Due Diligence assessments, DPR and Designing, and Environment Crime Investigation. The company has successfully executed over 2,500 projects across various sectors, leveraging cutting-edge software applications and innovative technologies to address complex environmental challenges. TGSL's commitment to excellence is reflected in its ISO 9001-2015 certification and NABET accreditation.
The company has a market cap of Rs 193 crore and the order book stands at Rs 40 crore. The stock is up by 90 per cent from its 52-week low of Rs 138.10 per share. The shares of the company have an ROE of 37 per cent and an ROCE of 48 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.